Compare Income-tax Act 1961 and 2025 section numbers for deductions, TDS, TCS, capital gains, tax audit, returns, exemptions ...

Summary The ITAT Pune, in Ravindra Gajanan Mahadik Vs ITO, delivered a practically significant ruling affirming that bank deposits arising from ...

Summary The ITAT Mumbai's ruling in Eye Focus Entertainment Vs ITO (ITAT Mumbai) for AY 2022-23 offers authoritative clarity on two frequently ...

ITAT Mumbai deletes ₹114.25 crore addition: no books for Section 68 and no Section 251(2) notice before CIT(A) substituted Section 69A.

Extend Tax Audit Due Date: September 30 is deadline for filing tax audit reports for AY 2026-27. September 30 marks a major deadline for several compliance requirements, largely meant for businesses, ...

A Bangalore taxpayer received around Rs 95 lakh after sub-letting a commercial office space taken on lease from BMTC. While the Income Tax Department treated the receipts as rental income, the ITAT ...

ITAT Mumbai held that changing an addition from Section 68 to 69A requires enhancement notice and hearing under Section 251(2 ...

The September 30 deadline for taxpayers to submit tax audit reports is approaching, with no extensions granted yet. Here's the penalty for late filing.

A Bitcoin investor who reported a ₹3.34 lakh loss faced an ₹88.55 lakh tax addition over the source of funds. ITAT quashed ...

ICICI Life Insurance Limited received a tax rectification order for AY 2023, involving a demand of over ₹591 crore. The company has filed an appeal.

Tax Audit Report Due Date Extension: The deadline for submitting tax audit reports for AY 2026-27 is September 30, 2026. Under Section 44AB of the Income-tax Act, 1961, taxpayers engaged in a business ...

A steady dividend can keep retirees from panic-selling in downturns. High-quality bonds can cover scheduled spending while stocks recover from declines. TIPS guard against inflation but can bring an ...